Message:

<p>[QUOTE=&quot;robinjojo, post: 24483748, member: 110226&quot;]For all of the wealth that was flowing into Spain from her colonial mints, that wealth was not well spent, in terms of developing the Spanish economy, unlike the Dutch, English and French.&nbsp; As a consequence Spain began to lag behind the more northern European states economically, in a steady state of decline.&nbsp; This can be readily seen by the shift in scientific advances, advances in commerce and industry/technology in the north during the 17th century forward.</p><p><br /></p><p>The Spanish crown was indebted to bankers that helped finance the lifestyle of the court, as well as expenditures made during Spain&#039;s involvement in various wars.&nbsp; It is interesting that history has examples, to this day, of countries that are rich in natural resources that have experienced chronic wealth inequality (as was the case with Spain), a small middle class, recurring wars and social and economic strife, whether those resources be oil or metals or some other commodity.</p><p><br /></p><p>For further reading, here&#039;s a very good essay on the subject of Spain&#039;s history of wealth and decline during the times of Philip II.</p><p><br /></p><p><i>&quot;Spain’s Lesson in Hubris: Tracing Spain’s Financial Collapse to the Beginning of its New World Empire&quot;</i></p><p><i><br /></i></p><p><i><a href="https://theclassicjournal.uga.edu/index.php/2020/05/07/spains-lesson-in-hubris-tracing-spains-financial-collapse-to-the-beginning-of-its-new-world-empire/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://theclassicjournal.uga.edu/index.php/2020/05/07/spains-lesson-in-hubris-tracing-spains-financial-collapse-to-the-beginning-of-its-new-world-empire/" rel="nofollow">https://theclassicjournal.uga.edu/index.php/2020/05/07/spains-lesson-in-hubris-tracing-spains-financial-collapse-to-the-beginning-of-its-new-world-empire/</a></i></p><p><i></i>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in